Low-Cost LiDAR Startup Oryx Vision Shuts Down
Founded in 2009, Oryx developed a light detection and ranging camera system (LiDAR) for autonomous cars
Sophie Shulman | 13:28 25.08.2019
Israel-based low-cost LiDAR startup Oryx Vision Ltd. has shut down as of Thursday, Oryx’s CEO Ran Wellingstein said in a Friday interview with Calcalist. Oryx was a direct competitor of Israel-based LiDAR startup Innoviz Technologies Ltd., which announced the completion of a $170 million series C funding round in June. Founded in 2009, Oryx developed a light detection and ranging camera system (LiDAR) for autonomous cars, and has raised $67 million before shutting down its operations. The company’s technology was supposed to allow the conversion of light into an electronic signal and alert the driverless vehicle of oncoming obstacles. Most of Oryx's employees are physicists, optical engineers, and antenna engineers.
“Currently, the architecture of the autonomous vehicle is simply not converging, so a venture-backed company will not be able to justify the investment that will still be needed," Wellingstein explained.
Ben basat is an awful person
Sad to hear that a startup shutting its doors and 45 people who put their lives into it are going home. The decision seems right. This is the ability of Rani. But Ben basat is a hard headed man who has a bad language and sends out poisoned arrows towards people. Not a person that you would like to be near by (May be this is why he never succeeded in his life?)
Elon musk was right
liDar is doomed